Milton Friedman Part II: Evils of Collectivism

There is one man who embodies the spirit of capitalism, but most have never heard of him. That needs to change. It's time for Americans to remember and get to know Milton Friedman, the father of modern economics.

Milton Friedman was a brilliant champion of the free market, capitalism and the American way of life. He was not a politician, just a man who looked at things in a radically different way --- and articulated them simply and persuasively.

Part II: Evils of Collectivism

Nobel Prize-winning economist Milton Friedman was a staunch and brilliant defender of capitalism. He understood that without America and the free market system, the world would still be languishing in the Dark Ages. He very often took on socialists and their distortions of history and reality. In a forum at the University of Chicago, Friedman took on Michael Harrington of the Democratic Socialist Organizing Committee.

MICHAEL: I think people over 65 years of age in the United States today are freer now because of Medicare. I do not think that the freedom to die from the lack of medicine was a very good thing. Secondly, related to industrialists, I think that one of the startling things about American history is that when Franklin Roosevelt was saving the system from itself, the main beneficiaries were screaming bloody murder at him for being a traitor to his class, when he was, in fact, the salvation of that class. And I think if you -- therefore, if you look at our history, I do think you find a tremendous myopia on the part of industrialists, and you find that the positive increments to our freedom, interestingly enough have not come from the college graduates, but often from people --- not from the best people. It's come from working people. It's come from poor people. It's come from blacks and Hispanics and the like.

MILTON: Unaccustomed as I am to agreeing with Michael Harrington, I will agree in part with what he's just said. I do not believe it's proper to put the situation, in terms of industrialists versus government. On the contrary, one of the reasons why I am in favor of less government is because when you have more government, industrialists take it over, and the two together form a coalition against the ordinary worker and the ordinary consumer. I think business is a wonderful institution, provided it has to face competition in the marketplace and it can't get away with something, except by producing a better product at a lower cost. And that's why I don't want government to step in and help the business community. Now, I want to go to your question about Medicare. There are many people who benefited from Medicare, but you're not looking at the cost side. What has happened to the people who are paying for it? It isn't -- we don't have a free good. It isn't coming from nowhere. And are they benefiting from it, in a cost-effective way? Those are the questions. It's demagoguery, if you'll pardon me, Michael Harrington, to say the people who have Medicare are freer. Of course, in one dimension. But they themselves had been paying all their life, and have they gotten a good bargain? At the moment, they have. The young man, the young working people who are going into Social Security now, they're going to get a very raw deal indeed.

Milton Friedman boldly argued against government-controlled fairness and "social justice."

MILTON: Social injustices are clearly greatest where you have central control. The degree of social injustice and torture in a place like --- and incarceration, in a place like Russia, is of a different order of magnitude than it is in those Western countries where most of us have grown up and in which we have been accustomed to regarding freedom as our natural heritage. Where do you have the greatest degree of inequality? In the socialist states of the world.

Don't look at what the proponents of one system or another say are their intentions, but look at what the actual results are. Socialism, which means government ownership and operation of means of production, has appealed to high-minded, fine people. To people of idealistic views because of the supposed objectives of socialism, especially because of the supposed objectives of equality and social justice. Now, those are fine objectives. And it's a tribute to the people of good will that those objectives should appeal to them, but you have to ask the question: Does a system, no matter what its proponents say, produce those results? And once you look at the results, it's crystal clear that they do not.

According to Milton Friedman, the motives of those involved in oppressive nations may even be good, but it doesn't matter. He argued to look beyond the motives and assess the results.

MILTON: The most harm of all is done when power is in the hands of people who are absolutely persuaded of the purity of their instincts and the purity of their intentions. Thoreau said that philanthropy is a much overrated virtue. Sincerity is also a much overrated virtue. Heaven preserve us from the sincere reformer who knows what's good for you and, by heaven, is going to make you do it whether you like it or not. That's when you get the greatest harm done. I have no reason to doubt that Lenin was a man whose intentions were good, maybe they weren't, but he was completely persuaded that he was right and he was willing to use any methods at all for the ultimate good.

Friedman tried to reason with the collectivists who believed in socialism and wanted more of it, including more health care.

MILTON: I say to people who say we have to have government medicine in there. I say, would you mind first telling me which of the other great reforms of government have achieved their objectives? I take it you mean the federal housing program has solved the problem of housing for the low-income groups. I take it you mean that the federal welfare program has solved the problems of welfare of indigents and dependents, that federal urban renewal and housing --- and reconstruction programs have solved the problem of urban life.

Despite the pressures from socialists and communists, Friedman never lost hope --- and neither should we.

Listen to the Full Series on Milton Friedman

Part I: Economics 101

Part II: Evils of Collectivism

Part III: Friedman vs. Liberal Detractors

Part IV: Unapologetic and Unafraid

The Biden admin has let in MORE illegal aliens than the populations of THESE 15 states

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There are currently an estimated 16.8 MILLION illegal aliens residing in the United States as of June 2023, according to the Federation for American Immigration Reform (FAIR). This number is already 1.3 million higher than FAIR's January 2022 estimate of 15.5 million and a 2.3 million increase from its end-of-2020 estimate. Even Democrats like New York City's Mayor Adams Mayor Adams are waking up to what Conservatives have been warning for years: we are in a border CRISIS.

However, this isn't the same border crisis that Republicans were warning about back in 2010. In the first two years of the Biden administration alone, the illegal alien population increased by 16 PERCENT nationwide, imposing a whopping net cost of $150.6 BILLION PER YEAR on American taxpayers. That is nearly DOUBLE the total amount that the Biden administration has sent to Ukraine.

This isn't the same border crisis that Republicans were warning about back in 2010.

These large numbers often make it difficult to conceptualize the sheer impact of illegal immigration on the United States. To put it in perspective, we have listed ALL 15 states and the District of Colombia that have smaller populations than the 2.3 MILLION illegal immigrants, who have entered the U.S. under the Biden administration. That is more than the entire populations of Wyoming, Vermont, and South Dakota COMBINED—and the American taxpayers have to pay the price.

Here are all 16 states/districts that have FEWER people than the illegal immigrants who have entered the U.S. under the Biden administration.

1. New Mexico

Population: 2,110,011

2. Idaho

Population: 1,973,752

3. Nebraska

Population: 1,972,292

4. West Virginia

Population: 1,764,786

5. Hawaii

Population: 1,433,238

6. New Hampshire

Population: 1,402,957

7. Maine

Population: 1,393,442

8. Montana

Population: 1,139,507

9. Rhode Island

Population: 1,090,483

10. Delaware

Population: 1,031,985

11. South Dakota

Population: 923,484

12. North Dakota

Population: 780,588

13. Alaska

Population: 732,984

14. Washington DC

Population: 674,815

15. Vermont

Population: 647,156

16. Wyoming

Population: 583,279

POLL: Should the Government control the future of AI?

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Earlier this week, tech titans, lawmakers, and union leaders met on Capitol Hill to discuss the future of AI regulation. The three-hour meeting boasted an impressive roster of tech leaders including, Elon Musk, Mark Zuckerberg, Bill Gates, Google CEO Sundar Pichai, OpenAI CEO Sam Altman, and others, along with more than 60 US Senators.

Tech Titans and Senators gathered in the Kennedy Caucus Room.The Washington Post / Contributor | Getty Images

The meeting was closed to the public, so what was exactly discussed is unknown. However, what we do know is that a majority of the CEOs support AI regulation, the most vocal of which is Elon Musk. During the meeting, Musk called AI "a double-edged sword" and strongly pushed for regulation in the interest of public safety.

A majority of the CEOs support AI regulation.

Many other related issues were discussed, including the disruption AI has caused to the job market. As Glenn has discussed on his program, the potential for AI to alter or destroy jobs is very real, and many have already felt the effects. From taxi drivers to Hollywood actors and writers, AI's presence can be felt everywhere and lawmakers are unsure how to respond.

The potential for AI to alter or destroy jobs is very real.

Ultimately, the meeting's conclusion was less than decisive, with several Senators making comments to the tune of "we need more time before we act." The White House is expected to release an executive order regarding AI regulation by the end of the year. But now it's YOUR turn to tell us what YOU think needs to be done!

Should A.I. be regulated?

Can the government be trusted with the power to regulate A.I.? 

Can Silicon Valley be trusted to regulate AI? 

Should AI development be slowed for safety, despite its potential advantages?

If a job can be done cheaper and better by AI, should it be taken away from a human?

Do you feel that your job is threatened by AI?

Haven't grabbed your copy of Dark Future yet? Glenn is giving you EXCLUSIVE access to the first chapter of his New York Times bestselling book detailing all of his predictions about how modern technology and political systems will be used to make "The Great Reset" a reality.

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Glenn wrote this essay on September 12, 2001. Are we the same people now?

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Twenty two years ago today on September 12th, 2001, Glenn wrote an essay called "The Greatest American Generation." These were his visceral thoughts immediately following the 9/11 attacks. This beautiful essay calls upon the American spirit to rise to the occasion to pull us through what was one of the darkest days in our nation's history. He called us to unite around the common vision that unites us as Americans.

Yesterday, Glenn revisited this essay, wondering if we are the same people who could have pulled through that dark hour. Do you still believe the things that he wrote in this essay? Or have we become a people too divided to overcome a tragedy of the magnitude of 9/11? Consider these questions as you read Glenn's essay below, "The Greatest American Generation," published on September 12, 2001.

I've always believed that the greatest American generation is the one that's living, in the here and the now. The question is not if this is the greatest American generation. The question was when were we going to wake up? I remember staying at my grandparents' house in the summer when I was small. Every morning my grandmother would open the attic door and call up, "Kids, time to wake up." For me she'd have to do this a couple of times before I'd lumber out of bed and cross the cold, squeaky wooden floor. But finally, I would. And she'd be there in the kitchen ready with breakfast. My grandfather was already outside in the henhouse because there was work to do. They were hardworking, good and decent people. Seemed to me that they were from not only a different time but a different place. They weren't.

The spirit of our parents and our grandparents isn't from some foreign place. It hasn't died out. It's a flame that flickers in all Americans. It's there and it's ready to blaze to life when we're ready to face the challenges that now lie at our feet. It's what sets us apart. It's what built this country. It's why our borders still teem with the poor and the tired and those yearning to be free, burned with zeal in the hearts of millions of immigrants from every corner of the Earth who came here in search of a better way of life. The flame that Lady Liberty holds is the American spirit which burns deep within all of us, no matter what our race, gender, our religious background. And today the world is watching us. It's really nothing new. It always has.

Since the dawn of man people dreamt of a better life, dreamt of a better way, of freedom. But it was Americans that finally found a way to build it. And out of all that we've built, the powerful machines, the computers, the weapons of mass destruction, hardware and software that we spent millions on every year to protect and keep the plan secret, our biggest seeming secret, the one the world wants most of all, isn't a secret at all. It's something we freely give to the rest of the world. And while it seems self‑evident to us, for some reason it can't be duplicated. Yet it can be passed on from person to person, torch to torch. It's the American spirit.

If you weren't trapped in one of those towers or on a plane or in the Pentagon, then you have great reason to humbly give thanks today, not for our lives but because we're the lucky ones. God hasn't forsaken us. He's awakened us. Standing at the bottom of the stairs, he's gently called out, "Kids, it's time to wake up! We've been given another chance."

Thousands of years ago in Babel, the great civilization in their arrogance built a tower that reached the sky. It crumbled and they were scattered. Our heart and steely symbols of power and wealth may have crumbled, but we have not been scattered. Americans aren't ever going to scatter. Let the world recognize through our actions today that those firefighters in New York are not the exception. They are the rule. Americans don't run from burning buildings. We run into them. It was a beautiful fall morning on the edge of the land created through divine providence. Coffee shops were open. Children were on their buses and people easing into another typical workday when America's greatest generation heard the voice: "Kids, it's time to wake up."

Several times we've ignored the voice. We've drifted back into twilight sleep muttering, "I know, I know, in a minute." But finally we are awake and out of bed, for there is much work to do. The task before us is much more daunting than what our grandparents and parents faced, but we are stronger, a more prepared nation. The torch has been passed. We are the greatest American generation. The American spirit is alive and well. Our flame has not burned out. It had just been dimmed while we were asleep."